ICICI Securities: Cummins India -Healthy Growth And Operational Margins 
Cummins India. (Image: Company website)

ICICI Securities: Cummins India -Healthy Growth And Operational Margins 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Cummins India Ltd.’s reported better than expected growth in both domestic and export markets despite headwinds.

Company is confident of sustenance of growth and expects gradual normalisation in the domestic market.

Export segment too is expected to gradually tread towards normalisation; however, uncertainty regarding a second wave of the pandemic and resultant lockdown is a risk.

Though near-term execution is expected to be volatile, we believe, focus on cashflow, leadership in technology and gradual recovery in export markets augur well for long-term growth.

Click on the attachment to read the full report:

ICICI Securities Cummins Q2FY21 Results Review.pdf

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